---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39468344.md"
description: "Saw a viewpoint from Howard Marks in "The Most Important Thing": "Contrarian investing is not 'going against the market,' but 'not being held hostage by market sentiment.' When the majority panic-sell quality assets, rational investors see the inevitability of value returning.""
datetime: "2026-03-24T02:28:26.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39468344.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39468344.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39468344.md)
author: "[星哥自由之路](https://longbridge.com/en/profiles/3377.md)"
---

# Saw a viewpoint from Howard Marks in "The Most…